OCBC third-quarter net profit up 3% on-year, above forecasts
Singapore's Oversea-Chinese Banking Corp (OCBC) reported a 3% increase in third-quarter net profit, exceeding analysts' expectations, despite challenges in its insurance arm. The bank's net profit for July-September 2025 rose to S$2.04 billion, slightly above the mean estimate of S$2.01 billion. Customer flow trading income surged by 29% year-on-year, while trading and insurance income declined by 10% and 37%, respectively, due to weaker investment performance in Great Eastern Holdings.
Net interest income grew by 4%, driven by increased customer loans and high-quality non-commercial assets. However, the bank recorded an 18-basis-point decrease in net interest margin. OCBC forecasts low double-digit loan growth for 2026, with total income expected to rise by at least a mid-single digit percentage this year. The bank remains cautious about the evolving Middle East conflict, energy market situation, and market conditions in Indonesia.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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